Zacks Investment Research cut shares of SKAND ENSKILDA BKN SER'A'NPV (NASDAQ:SVKEF) from a strong-buy rating to a hold rating in a research note released on Tuesday.

According to Zacks, “Skandinaviska Enskilda Banken AB provides corporate, retail, investment and private banking services. It offers savings account, investment banking, securities brokerage services, loans, pensions and insurance products. The company operates primarily in Sweden, Norway, Denmark, Finland, Estonia, Latvia, Lithuania, Germany, Poland, Ukraine, China, Great Britain, Ireland, Luxembourg, Russia, Singapore, the United States and internationally. Skandinaviska Enskilda Banken AB is headquartered in Stockholm, Sweden. “

Shares of SKAND ENSKILDA BKN SER'A'NPV (NASDAQ:SVKEF) traded up 2.66% during midday trading on Tuesday, reaching $12.73. 3,200 shares of the company traded hands. The stock has a 50 day moving average price of $12.52 and a 200 day moving average price of $11.96. SKAND ENSKILDA BKN SER'A'NPV has a 1-year low of $9.91 and a 1-year high of $12.93. The firm has a market capitalization of $27.60 billion and a PE ratio of 12.79.

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